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Cavalry Capital Corp. Announces Conditional TSXV Acceptance and Filing of Filing Statement for Qualifying Transaction
Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Cavalry Capital Corp. (TSXV: CVY.P) ("Cavalry" or the "Company") is pleased to announce that it has received conditional acceptance of the TSX Venture Exchange (the "TSXV") to close its business combination with Advanced Energy Fuels, Inc. ("Advanced Energy"), as previously announced by Cavalry on May 16, 2025 and July 29, 2025 (the "Transaction"). The Transaction will constitute the "Qualifying Transaction" of Cavalry, as such.

About this update from Energy Fuels Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Cavalry Capital Corp. (TSXV: CVY.P) ("Cavalry" or the "Company") is pleased to announce that it has received conditional acceptance of the TSX Venture Exchange (the "TSXV") to close its business combination with Advanced Energy Fuels, Inc. ("Advanced Energy"), as previously announced by Cavalry on May 16, 2025 and July 29, 2025 (the "Transaction"). The Transaction will constitute the "Qualifying Transaction" of Cavalry, as such a term is defined in Policy 2.4 - Capital Pool Companies of the TSXV.","length":629,"tagName":"p"},{"type":"text","content":"Cavalry and Advanced Energy anticipate closing the Transaction on or before December 31, 2025.","length":94,"tagName":"p"},{"type":"text","content":"In connection with the Transaction, the Company has filed on SEDAR+ under the profile of the Company the filing statement dated December 12, 2025 (the "Filing Statement") and a technical report on the South Woodie Woodie Manganese Project located in the Pilbara Region of Western Australia with an effective date of August 15, 2025. Investors are encouraged to review the Filing Statement at www.sedarplus.ca, which provides detailed information about the Transaction, the Company, Advanced Energy and the resulting issuer of the Transaction (the "Resulting Issuer"), including financial statements of Advanced Energy, Edge Minerals Pty Limited and Bellpiper Pty Ltd, and pro forma financial statements of the Resulting Issuer. The following table sets out summary financial information for Advanced Energy, summarized from the audited financial statements for Advanced Energy's fiscal year ended December 31, 2024, and from the unaudited financial statements for the nine-month period ended September 30, 2025. This summary financial information should only be read in conjunction with Advanced Energy's financial statements, including the notes thereto, included as Appendix 3 to the Filing Statement.","length":1231,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"border-width:1px;border-style:solid;border-color:#000000;width:33.3%;","val":[{"type":"text","content":"","length":0,"tagName":"p","attribs":{}}]},{"style":"border-width:1px;border-style:solid;border-color:#000000;...